Nick Candy's Chelsea Home Sells for Record-Breaking $517M

0:00It's April 2nd, Sydney News. Today starts now, AI powered and ready. I'm Cory with the story. British entrepreneur Nick Candy sold his Chelsea family home for over 270 million pounds or $517 million. That's the biggest single house sale ever recorded. The two acre estate boasts a lake, swimming pool, and Georgian details mimicking a grand country house. It sat on land once home to Britain's first Prime Minister, Robert Walpole. The property never hit the open market, yet multiple bidders jumped in with offers, sources say. This shatters the 210 million pound Hyde Park Mansion deal from 2020 and tops a $240 million New York. Pinhouse. London's luxury scene is slowing though, with higher taxes killing big sales. No deals over 50 million pounds last year except a few. Candy and his brother built the ultra-lux One Hyde Park back in 2011. Now he's eyeing Middle East projects through his design firm after splitting from actress wife Holly Valance last year.

1:06Even as high enlistings pile up and deals drop 55%, this blockbuster shows Prime Chelsea spots still draw deep pocketed buyers, chasing history and prestige.